In investing, a period of declining prices is referred to as a(n) ____________________ market.
Fill in the blank(s) with the appropriate word(s).
bear
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The budgeting technique that provides for employee input into the planning process is known as:
A. zero-based budgeting. B. participative budgeting. C. perpetual budgeting. D. continuous budgeting.
Which one of the following best characterizes a marketing information system (MIS)?
A. An MIS is an orderly gathering of information that is not supplied through routine reporting systems such as sales reports and accounting data. B. An MIS provides a continuous flow of information about such things as distribution costs, prices, sales, and advertising expenses. C. An MIS is conducted on a special-project basis when needed. D. An MIS requires adjustments to its techniques to adapt to environmental circumstances and is in reality part of the accounting system. E. An MIS involves internal information collection about employees and customers.
In order to qualify for ___ status, the invention must be new, useful, and nonobvious to a person with ordinary skill in that particular field.
a. copyright b. patent c. trademark d. service mark
Young & Liu Inc's free cash flow during the just-ended year (t = 0) was $100 million, and FCF is expected to grow at a constant rate of 5% in the future. If the weighted average cost of capital is 15%, what is the firm's value of operations, in millions?
a. $948 b. $998 c. $1,050 d. $1,103 e. $1,158